SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Keirn Cris

(Last) (First) (Middle)
C/O TURTLE BEACH CORPORATION
44 SOUTH BROADWAY, 4TH FLOOR

(Street)
WHITE PLAINS NY 10601

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2023
3. Issuer Name and Ticker or Trading Symbol
Turtle Beach Corp [ HEAR ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Interim CEO
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 9,832 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) (1) Common Stock 6,875 (2) D
Restricted Stock Units (3) (3) Common Stock 9,000 (2) D
Restricted Stock Units (4) (4) Common Stock 15,750 (2) D
Restricted Stock Units (5) (5) Common Stock 28,000 (2) D
Stock Option (Right to Buy) (6) 04/01/2029 Common Stock 19,167 $12.1 D
Stock Option (Right to Buy) (7) 04/01/2030 Common Stock 12,605 $5.95 D
Explanation of Responses:
1. These restricted stock unit awards ("RSUs") vest in equal annual installments until April 1, 2024. As of the date of this report, 20,625 RSUs have vested and 6,875 RSUs remain unvested.
2. The securities are RSUs representing a contingent right to receive one share of Turtle Beach Corporation common stock, or cash with a value equal to the fair market value of the underlying common stock, or a combination thereof.
3. These RSU awards vest in equal annual installments until April 1, 2025. As of the date of this report, 9,000 RSUs have vested and 9,000 RSUs remain unvested.
4. These RSU awards vest in equal annual installments until April 1, 2026. As of the date of this report, 5,250 RSUs have vested and 15,750 RSUs remain unvested.
5. These RSU awards vest in equal annual installments until April 1, 2027. As of the date of this report, 28,000 RSUs remain unvested.
6. All options were exercisable as of the date of this report.
7. These options are scheduled to vest in equal monthly installments until April 1, 2024. As of the date of this report, 2,292 of these options were fully vested.
Remarks:
Exhibit 24 - Power of Attorney
/s/ John T. Hanson, Attorney-in-fact for Cris Keirn 07/10/2023
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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